Wolfe Serena 4
4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Annaly (NLY) CFO Serena Wolfe Receives RSUs; Surrenders Shares for Taxes
What Happened Serena Wolfe, Chief Financial Officer of Annaly Capital Management (NLY), had restricted stock units (RSUs) vest on Feb 1, 2026. As a result she was issued 45,632 shares at $23.01 each (value ≈ $1,049,992). To satisfy the tax withholding obligation on vesting, she surrendered 35,660 of those shares at the same price (proceeds ≈ $820,537). The surrender of shares to cover taxes is a withholding action (not an open‑market sale).
Key Details
- Transaction date: 2026-02-01; Filing date: 2026-02-03 (filed timely).
- Acquired: 45,632 shares @ $23.01 each (grant/award, code A) — total ≈ $1,049,992.
- Surrendered/disposed: 35,660 shares @ $23.01 each to satisfy tax withholding (code F) — total ≈ $820,537.
- Shares owned after transaction: not specified in the provided excerpt.
- Relevant footnotes:
- F1: Shares surrendered to issuer to satisfy tax withholding on RSU vesting (grants from 2023–2025).
- F2: Dividend equivalent units (DEUs) on RSUs are included in the reporting person’s common stock balance; each DEU equals one share and is payable in whole shares.
- F3: RSUs granted under the 2020 Equity Incentive Plan; each RSU converts to one share and vests ratably over three years beginning one year after grant.
Context This was a routine RSU vesting with shares withheld for tax purposes (a common, administrative form of disposition), not an open‑market sale or a directional trade signal. The RSUs represent contingent rights to company stock that vest over time; the net shares Wolfe actually receives after withholding are reduced by the surrendered shares.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-01$23.01/sh−35,660$820,537→ 143,985 total - Award
Common Stock
[F3][F2]2026-02-01$23.01/sh+45,632$1,049,992→ 189,617 total
Footnotes (3)
- [F1]Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2026 of restricted stock unit ("RSU") awards previously granted on February 1, 2023, February 1, 2024 and February 1, 2025.
- [F2]Dividend equivalent units ("DEUs") issued on RSUs are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.
- [F3]Represents RSUs granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The RSUs vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).